Environment
January 31, 2019 / 1:01 PM / 22 days ago

Brazil's Vale has over $219 million frozen by state prosecutors as compensation

1 Min Read

Israeli military personnel search for victims of a collapsed tailings dam owned by Brazilian mining company Vale SA, in Brumadinho, Brazil January 30, 2019. REUTERS/Washington Alves

RIO DE JANEIRO (Reuters) - Brazil’s Minas Gerais state labor prosecutors’ office said on Thursday it had frozen more than 800 million reais ($219 million) of miner Vale’s (VALE3.SA) funds as compensation for victims of a deadly tailings dam burst.

(This version of the story corrects headline and paragraph 1 to show funds frozen by state labor prosecutors, not state labor ministry)

Reporting by Pedro Fonseca; Editing by Christian Plumb

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